Articles by Darin Tyson-Chan

Real property problems not about LRBAs

October 10, 2019

The ATO’s decision not to target the operation of limited recourse borrowing arrangements directly in its efforts to crack down on inappropriate uses of SMSFs to acquire property has been supported by a specialist fund manager.

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Documentation, Pensions

Estate planning conflict not always present

October 9, 2019

Darin Tyson-Chan

A binding death benefit nomination and a reversionary pension can both exist within the same estate plan without the need for one to trump the other, a specialist document provider has said.

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Commercial Property

Stronghold launches its first open ended fund

October 8, 2019

Darin Tyson-Chan

An open ended managed commercial property fund has been launched by Stronghold Investment Management.

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Residential Property, Superannuation

Bill amendments make downsizer contributions clearer

October 3, 2019

Darin Tyson-Chan

Anomalies associated with the downsizer contribution rules may be addressed in treasury law amendments that have been the subject of industry consultation.

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Strategy, Superannuation

SMSFs including family members has pitfalls

October 2, 2019

Darin Tyson-Chan

The director of a mid-tier accounting firm has recommended serious assessment be performed before including adult family members in an SMSF due to the additional elements of risk associated with this strategy.

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Regulation, Retirement

Retirement alliance endorses govt review

October 1, 2019

Darin Tyson-Chan

The Alliance for a Fairer Retirement System (the Alliance) has welcomed the federal government’s Review into the Retirement Savings System and has put forward five questions the process should answer.

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Auditing, Investments

Whole of wealth picture beyond auditors’ scope

September 30, 2019

Darin Tyson-Chan

A technical manager has claimed that SMSF auditors cannot assess the adequacy of a fund’s investment strategy in the context of a trustee’s assets held both inside and outside of super.

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Auditing, Investments

Investment strategy percentages not needed

September 26, 2019

Darin Tyson-Chan

Fund investment strategies do not need to specify the percentage of an SMSF portfolio that will be allocated to a certain asset class, a specialist auditor has said.

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Compliance

Trustee confusion over downsizer age

September 25, 2019

Darin Tyson-Chan

An industry administrator and educator has revealed many SMSF trustees remain unclear about the age constraints contained in the superannuation downsizer contribution rules.

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LRBA

LRBA treatment dependent on member’s circumstance

September 24, 2019

Darin Tyson-Chan

The extent to which the outstanding balance of a limited recourse borrowing arrangement will affect a member’s total super balance is determined by the individual member’s circumstances, according to an SMSF service provider.

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